Investor Presentaiton

Canadian Banking Top 3 bank in personal & commercial banking in Canada Canadian Banking provides a full suite of financial advice and banking solutions, supported by an excellent customer experience, to over 11 million Retail, Small Business and Commercial Banking customers. Through Tangerine, Canadian Banking also provides digital banking solutions to over 2 million customers. Business Mix Retail 67% Residential Mortgages 63% Financial Results $MM FY/20 FY/FY Revenue Mix 1,2 $2.6B 33% Average Loan Mix¹ $360B 12% 14% Auto Business and 2% 9% Reported Business Banking Government Loans Credit Other Personal Cards Adjusted Net Income³ ($MM) and NIM4 (%) Loans Net Income³ $2,536 (27%) Pre-Tax, Pre Provision Profit $5,488 (4%) Revenue $10,299 (2%) Expenses $4,811 +1% PCLs $2,073 +113% Productivity Ratio 46.7% +110 bps 2.41% 2.36% 2.33% 2.26% 2.26% Net Interest Margin4 2.30% (11 bps) PCL Ratio5 0.59% +30 bps 902 908 782 481 433 PCL Ratio Impaired Loans5 0.32% +3 bps Adjusted³ Q4/19 Q1/20 Q2/20 Q3/20 Q4/20 Net Income $2,604 (26%) Medium-Term Financial Objectives NIAT Growth³ Target6 5%+ Pre-Tax, Pre Provision Profit $5,510 Expenses $4,789 PCLS $2,002 (4%) +1% +106% Productivity Ratio Productivity Ratio 46.5% +110 bps Operating Leverage <44% Positive 1 For the three months ended October 31, 2020; 2 Reflects the adoption new leases accounting standards, IFRS16; 3 Adjusted Net income attributed to equity shareholders; 4 Net Interest Margin is on a reported basis; 5 Provision for credit losses on certain assets – loans, acceptances and off-balance sheet exposures; 63-5 year target from 2020 Investor Day 22 22

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